 | |
| Company type | State-owned company |
|---|---|
| Industry | Gambling |
| Founded | 23 May 1968 |
Area served | Singapore |
Key people | |
| Revenue |  S$10.1 billion (2023) [2] |
| S$7.536 billion (2023) [2] | |
| Owner | Government of Singapore |
| Parent | Tote Board |
| Website | www |
Singapore Pools (Private) Limited is a state-owned lottery subsidiary company in Singapore. As a wholly owned subsidiary of the Tote Board, it is the only operator that is legally allowed to run lotteries in Singapore.
Singapore Pools was incorporated on 23 May 1968 to curb illegal gambling in Singapore. [4] It provided Singaporeans with a legal avenue to bet on lotteries, countering the rampant illegal betting syndicates that were present. [5] Since 1 May 2004, Singapore Pools is owned by Tote Board, a statutory board under the Ministry of Finance. Singapore Pool's products and services are regulated by the Ministry of Home Affairs and the Ministry of Social and Family Development. [4]
The company was set up as a 'not for profit organisation' and the surplus from revenue earned are channeled to the Tote Board, which are then used to fund a profile of causes and charities. The funds handled by Tote Board is also used for promoting the local sports and arts scene and also infrastructure projects in Singapore. [6] Some notable infrastructure projects funded by the company includes, the Former National Stadium, Singapore Indoor Stadium, the Esplanade and Gardens by the Bay. [6] [7]
Singapore Pools currently operates three lottery games:
In addition, Singapore Pools is the sole legal bookmaker and totalisator for association football and motor racing betting.
On 29 September 2016, the Ministry of Home Affairs announced that Singapore Pools would be granted an exemption under the Remote Gambling Act 2014, allowing it to offer online and telephone gambling for 4D and TOTO lotteries, football and motor-racing. [8]
Online gambling is any kind of gambling conducted on the internet. This includes virtual poker, casinos, and sports betting. The first online gambling venue opened to the general public was ticketing for the Liechtenstein International Lottery in October 1994. Today, the market is worth around $40 billion globally each year, according to various estimates.
Gambling in the United Kingdom is regulated by the Gambling Commission on behalf of the government's Department for Digital, Culture, Media and Sport (DCMS) under the Gambling Act 2005. This Act of Parliament significantly updated the UK's gambling laws, including the introduction of a new structure of protections for children and vulnerable adults, as well as bringing the burgeoning Internet gaming sector within British regulation for the first time.
In the United States, gambling is subject to a variety of legal restrictions. In 2008, gambling activities generated gross revenues of $92.27 billion in the United States.
The Totalisator Agency Board, universally shortened to TAB or T.A.B., is the name given to monopoly totalisator organisations in Australia, New Zealand and South Africa. They operate betting shops and online betting. They were originally government owned, but in Australia most have been privatised. In Victoria, for instance, the Victorian Totalisator Agency Board began operating in March 1961 as a state enterprise, and was privatised in 1994.
4-Digits is a lottery in Germany, Singapore, and Malaysia. Individuals play by choosing any number from 0000 to 9999. Then, twenty-three winning numbers are drawn each time. If one of the numbers matches the one that the player has bought, a prize is won. A draw is conducted to select these winning numbers. 4-Digits is a fixed-odds game.
The Tote is a British gambling company founded in 1928. It is one of the world’s largest pool betting operators. Its product offering also includes sports betting and online casino. Business operations are led from its headquarters in Wigan.
A betting pool, syndicate, sports lottery, sweep, or office pool if done at work, is a form of gambling, specifically a variant of parimutuel betting influenced by lotteries, where gamblers pay a fixed price into a pool, and then make a selection on an outcome, usually related to sport. In an informal game, the vig is usually quite small or non-existent. The pool is evenly divided between those that have made the correct selection. There are no odds involved; each winner's payoff depends simply on the number of gamblers and the number of winners.
The Singapore Turf Club was founded in 1988 as the Bukit Turf Club to manage horse racing for the Singapore Totaliser Board. It is the only horse-racing club in Singapore and is part of the Malayan Racing Association.
Toto is a legalised form of lottery sold in Singapore, known by different names elsewhere. It is held by Singapore Pools, the only legal lottery operator in Singapore. As of April 2015, it was the second most popular type of gambling activity after 4-Digits. The profits from Toto go to the Singapore Totaliser Board which uses the money for charity and other worthy causes.
The Delaware Lottery is run by the government of Delaware. Its creation was authorized by the state legislature on May 31, 1974. Its "traditional" games include Play 3, Play 4, Multi-Win Lotto, Lucky For Life, Lotto America, Mega Millions, and Powerball. Delaware also offers Keno, sports betting, and video lottery.
In Japan, most forms of gambling are generally banned by the Criminal Code chapter 23; however, there are several exceptions, including betting on horse racing and certain motor sports.
Gambling in South Africa has been heavily restricted since 1673, with South Africa's Gambling Act of 1965 officially banning all forms of gambling except betting on horse racing which existed as a sporting activity.
Gambling in Pennsylvania includes casino gambling, the Pennsylvania Lottery, horse racing, bingo, and small games of chance conducted by nonprofit organizations and taverns under limited circumstances. Although casino gaming has been legal for less than two decades, Pennsylvania is second only to Nevada in commercial casino revenues.
Gambling in New Jersey includes casino gambling in Atlantic City, the New Jersey Lottery, horse racing, off-track betting, charity gambling, amusement games, and social gambling. New Jersey's gambling laws are among the least restrictive in the United States. In 2013, the state began to allow in-state online gambling. Five years later, the state won a lawsuit that dismantled Nevada's monopoly on legal sports betting.
Gambling in Taiwan is prohibited by the Criminal Code of the Republic of China. State-run lotteries, like the Uniform Invoice lottery, are the only legal form of gambling on mainland Taiwan. The construction of casinos on some off-shore islands was legalized in 2009, though to date none have been built. Some gambling-style games are allowed either on special days or under special restricted circumstances.
Gambling in China is illegal under Chinese law and has been officially outlawed since the Communist Party took power in 1949. Any form of gambling by Chinese citizens, including online-gambling, gambling overseas, opening casinos overseas to attract citizens of China as primary customers, is considered illegal. In practice however, Chinese citizens participate in state-run lotteries, regularly travel to legal gambling centers overseas or in the special administrative regions of Hong Kong and Macau and access gaming through offshore based proxy betting and online gambling companies.
The history of gambling in the United Kingdom goes back centuries, as do efforts to deplore it, and regulate it.
Colossus Bets is a British bookmaker specialising in pools betting. The Colossus Bets is headquartered in London, England, and was founded by former Monsanto PR operative Bernard Marantelli and Zeljko Ranogajec in 2013. The bookmaker currently focuses in pools betting by incorporating modern betting features such as Cash Out and Syndicates, currently holding seven US patents. As well as offering lottery-sized jackpots.
Gambling in Singapore is controlled by several statutes, being the Casino Control Act, Gambling Control Act and Gambling Regulatory Authority of Singapore Act. The Gambling Regulatory Authority of Singapore (GRA) was formed on 1 August 2022, by reconstituting the Casino Regulatory Authority of Singapore (CRA), to regulate gambling in Singapore. It is a statutory board under the Ministry of Home Affairs.
The Singapore Turf Club was founded in 1842 as the Singapore Sporting Club to operate the Serangoon Road Race Course at Farrer Park Field. It was the only horse-racing club in Singapore and is part of the Malayan Racing Association. The first race was held on 23 February 1843 with a prize money of $150. The club closed in 1988 after the Singapore Totaliser Board formed the Bukit Turf Club (BTC) to take over all racing activities.
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